Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Business Oregon seeks to broaden Oregon Investment Advantage while capping benefits to keep program revenue neutral
Summary
Business Oregon testified in support of House Bill 3,049 on Feb. 24, proposing changes to the Oregon Investment Advantage that would broaden county participation, simplify wage calculations, clarify the 10‑year abatement period and add a per‑company cap to hold the program revenue neutral.
Business Oregon told the House Committee on Economic Development and Small Business and Trade on Feb. 24 that House Bill 3,049 would simplify and expand the Oregon Investment Advantage (OIA), an existing corporate income tax exemption intended to spur investment and job creation in economically challenged counties.
Michael Held, Business Oregon regional services manager, and Art Fish, Business Oregon business incentives coordinator, described four principal changes in the bill: a new method to allow up to 18 counties to participate (the agency proposed adding Lincoln, Columbia, Malheur and Wallowa counties this year); simplified annual wage requirements that compare company and county wages only (removing benefits/compensation components that agencies found…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
